India is contemplating a prolonged slowdown as cases of coronavirus reach its countryside. The expanded fiscal deficit can also hinder India’s capacity to produce further stimuli. “Indeed, the economic situation has worsened since April and May, and we are likely moving toward a longer economic slowdown than previously anticipated, “said a finance ministry official. He expects India’s GDP in the Jun to contract 22.2 per cent.
The newspaper sector is going through a difficult phase. The COVID-19 lockdown, plummeting advertising and customs duty on newsprint has put the sector in stress. The news is important for both prelims and mains. Click [Read More]
This article analyses the relation between RBI and Govt in the backdrop of tension between Trump and American central bank. This news is related to the topic, Indian economy of GS 3. This news is [Read More]
The services sector is the bulwark of the Indian economy. The survey indicates that the services sector has contracted and the worse is yet to come. the news is important for both prelims and mains. [Read More]
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